There are towns in NJ where there are no houses under $1 million, and every household has an income of $300K or better. Taxes? Do you think they have jobs that pay $850K in Arkansas?
Why only 300K in NJ translates to a needed 850K job in AR? Why? Does not compute.
And those 1 mil houses in NJ prob cost 400-500K in AR. Or thereabouts.
IF I were to guess . . . a 300K job in NJ would be equal to a 200K job in AR or other lower taxed and lower cost of living states.